When Paccar (PCAR) Moves Investors should Listen

August 10, 2022, 05:45 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Paccar (NASDAQ: PCAR) report below is a real world example. Included are trading plans for PCAR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for PCAR

• Buy PCAR slightly over 86.76 target 93.36 stop loss @ 86.51 Details

The technical summary data tells us to buy PCAR near 86.76 with an upside target of 93.36. This data also tells us to set a stop loss @ 86.51 to protect against excessive loss in case the stock begins to move against the trade. 86.76 is the first level of support below 91.37 , and by rule, any test of support is a buy signal. In this case, support 86.76 is being tested, a buy signal would exist.

• Short PCAR under 93.36, target 86.76, stop loss @ 93.63 Details

The technical summary data is suggesting a short of PCAR as it gets near 93.36 with a downside target of 86.76. We should have a stop loss in place at 93.63though. 93.36 is the first level of resistance above 91.37, and by rule, any test of resistance is a short signal. In this case, if resistance 93.36 is being tested, a short signal would exist.

Swing Trading Plans for PCAR

• Buy PCAR slightly over 93.36, target 93.73, Stop Loss @ 93.09 Details

If 93.36 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 93.36, with an upside target of 93.73. The data also tells us to set a stop loss @ 93.09 in case the stock turns against the trade. 93.36 is the first level of resistance above 91.37, and by rule, any break above resistance is a buy signal. In this case, 93.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PCAR near 93.36, target 91.34, Stop Loss @ 93.63. Details

The technical summary data is suggesting a short of PCAR if it tests 93.36 with a downside target of 91.34. We should have a stop loss in place at 93.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 93.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PCAR

• Buy PCAR slightly over 91.92, target 93.36, Stop Loss @ 91.71 Details

If 91.92 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 91.92, with an upside target of 93.36. The data also tells us to set a stop loss @ 91.71 in case the stock turns against the trade. 91.92 is the first level of resistance above 91.37, and by rule, any break above resistance is a buy signal. In this case, 91.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PCAR near 91.92, target 91.34, Stop Loss @ 92.13. Details

The technical summary data is suggesting a short of PCAR if it tests 91.92 with a downside target of 91.34. We should have a stop loss in place at 92.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 91.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

PCAR Ratings for August 10:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	80.49
P2	91.17	91.34	86.76
P3	91.92	93.73	93.36

Support and Resistance Plot Chart for PCAR

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